Prudential Financial Inc.’s Upcoming Third Quarter Earnings Release

S&P 500 (NYSE:SPY) component Prudential Financial, Inc. (NYSE:PRU) will unveil its latest earnings on Wednesday, November 2, 2011. Prudential Financial offers a wide range of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services.

Prudential Financial, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.57 per share, a decline of 25.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.69. Between one and three months ago, the average estimate moved down. It also has dropped from $1.62 during the last month. Analysts are projecting profit to rise by 6.9% versus last year to $6.70.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 16 cents, reporting profit of $1.71 per share against a mean estimate of net income of $1.55 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 28.6% in revenue from the year-earlier quarter to $10.13 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit fell 22.2% to $838 million ($1.68 a share) from $1.08 billion ($1.70 a share) the year earlier, but exceeded analyst expectations. Revenue rose 10.8% to $12.25 billion from $11.05 billion.

Key Stats:

The company has seen net income fall in each of the last three quarters. Net income fell 12.8% in the first quarter and 90.5% in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 9.6%.

Competitors to Watch: MetLife, Inc. (NYSE:MET), ING Groep N.V. (NYSE:ING), Prudential Public Ltd. Co. (NYSE:PUK), Torchmark Corporation (NYSE:TMK), Lincoln National Corp. (NYSE:LNC), StanCorp Financial Group, Inc. (NYSE:SFG), Delphi Financial Group, Inc. (NYSE:DFG), Primerica, Inc. (NYSE:PRI), AFLAC Incorporated (NYSE:AFL), and CNO Financial Group, Inc. (NYSE:CNO).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $9.26 (19.3%) from $48.06 to $57.32. The stock price saw one of its best stretches over the last year between December 14, 2010 and December 22, 2010 when shares rose for seven-straight days, rising 6.4% (+$3.62) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 8.4% (-$5.48) over that span. Shares are down $1.39 (-2.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.